The crypto market turns green for a second day in a row and today it comes with good news from Brazil. The legalization of crypto as a means of payment caused many prices to take a big jump last night.
Ethereum and related cryptocurrencies in particular performed strongly. There seems to be hope in the market that Federal Reserve Chairman Jerome Powell’s speech tonight will be positive, but that is far from certain. The total market capitalization of crypto is up 2.2% to $892 billion.
📈 Market Overview#BTC price trades below $17K
Market cap: $899B (+1.63%) $BTC dominance: 36.01% (+0.66%)
Fear & Greed Index: 29 (Fear)
— CryptoRank Platform (@CryptoRank_io) November 30, 2022
Bitcoin is hitting $17,000
Bitcoin (BTC) briefly touched $17,000 last night after the positive news. For the time being, the price seems to be holding above $16,900 and bitcoin is up 2.6% today. However, there seems to be a lot of resistance in this area and more volatility may follow tonight with the Fed speech.
One of the basic rules of technical analysis:
• Former support can become future resistance.
• Former resistance can become future support.
— Caleb Franzen (@CalebFranzen) November 30, 2022
Ethereum Up Nearly 5%
Ethereum (ETH) rose not only faster than bitcoin last night, but faster than the entire top 10 crypto. The ether price first recaptured $1,220, then shot to a peak of $1,284 and is currently holding above $1,270. This means that ETH is up no less than 4.7% today.
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— Labrys (@Labrys_io) November 30, 2022
Crypto top 10 also turns green…
The rest of the top 10 lags slightly behind in comparison, but still turns green. Except for binance coin (BNB), which drops by 0.8% to $301.6. Cardano (ADA) is already up 1.4% to $0.316.
Then we have polkadot (DOT) which is up 2.4% to $5.42. Ripple (XRP) and Litecoin (LTC) are both up 2.7% today. Dogecoin (DOGE) is up 3.4% to $0.106 and polygon (MATIC), a layer-2 network for Ethereum, up 3.7% to $0.87
1/ Coming soon: one wallet for everything.
— Phantom (@phantom) November 29, 2022
…just like the crypto top 100
The top 100 also turns green with several Ethereum related coins at the top. Uniswap (UNI) is also up 4.7%. Near (NEAR) is even up 6.3% to $1.72. GMX (GMX), a DEX for derivatives, is up 8% today at $45.36.
Then rocket pool is attracting a lot of attention today, a staking platform for ether. The RPL price is up no less than 9.5% today and is at $18.87 at the time of writing.
The Rocket Pool Rescue Node 🧵
— Patches (@0xPatches) November 29, 2022
Fantom again the fastest climber
Finally, we have phantom (FTM), not to be confused with the Phantom above. For the second day in a row, FTM is the fastest riser in the crypto top 100. The FTM price is more than 12% up today, raising the price to $0.24.
Fantom just arrived on @Ledger Live!
— Fantom Foundation (@FantomFDN) November 29, 2022
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